Edition:
United Kingdom

Haldex AB (HLDX.ST)

HLDX.ST on Stockholm Stock Exchange

88.80SEK
9:47am BST
Change (% chg)

-0.90kr (-1.00%)
Prev Close
89.70kr
Open
90.00kr
Day's High
90.00kr
Day's Low
88.40kr
Volume
8,292
Avg. Vol
56,036
52-wk High
117.75kr
52-wk Low
80.40kr

Latest Key Developments (Source: Significant Developments)

Haldex Q1 operating profit up sharply yr/yr
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Haldex AB ::Q1 NET SALES, SEK M 1,252 (1,148).Q1 OPERATING INCOME, SEK M 90 (37).Q1 OPERATING MARGIN, % 7.2 (3.2).SAYS WE BELIEVE THAT NET SALES FOR 2018 WILL INCREASE COMPARED TO 2017.SAYS OPERATING MARGIN FOR 2018 IS EXPECTED TO BE SOMEWHAT LOWER OR IN LINE WITH OPERATING MARGIN EXCLUDING ONE-OFF ITEMS IN 2017.SAYS MARKET GROWTH IN Q1 HAS BEEN SLIGHTLY HIGHER THAN IN PREVIOUS FORECASTS, BUT OUR OVERALL ASSESSMENT FOR 2018 HAS REMAINED SAME.SAYS IF MARKET GROWTH CONTINUES TO EXCEED PREVIOUS FORECASTS, HALDEX MAY NEED TO REVISE ITS ASSESSMENT FOR 2018.  Full Article

Haldex Q4 core profit rises, sees flat or slightly lower margin in 2018
Wednesday, 14 Feb 2018 

Feb 14 (Reuters) - Haldex AB ::HALDEX ANNUAL STATEMENT, JANUARY - DECEMBER 2017: STRONG END TO THE YEAR.Q4 NET SALES, SEK 1,049 MLN VS YR-AGO 1,054 MLN.Q4 OPERATING INCOME, EXCLUDING ONE-OFF ITEMS, SEK 66 MLN VS YR-AGO 48 MLN.SAYS BOARD OF DIRECTORS PROPOSES TO ANNUAL GENERAL MEETING A DIVIDEND OF SEK 0.55 PER SHARE VS YR-AGO 0 SEK.SAYS DUE TO FORTHCOMING TECHNOLOGY SHIFT, WE, LIKE MANY OF OUR CUSTOMERS, WILL BE PRIORITISING INVESTMENTS IN RESEARCH AND DEVELOPMENT OVER NEXT FEW YEARS.SAYS WE ARE RECEIVING POSITIVE SIGNALS FROM A NUMBER OF MARKETS.SAYS IN CHINA, WE ARE EXPECTING STRONG GROWTH DUE TO CHANGE IN LAW REGARDING BRAKE ADJUSTERS, BUT THIS GROWTH WILL BE AT LOWER MARGINS THAN WHAT WE ARE SEEING IN WESTERN WORLD.SAYS IN EUROPE, WE HAVE A STRONG POSITION ON A STABLE MARKET.SAYS THIS MEANS THAT, AS A WHOLE, WE BELIEVE THAT NET SALES FOR 2018 WILL INCREASE COMPARED TO 2017.SAYS HIGHER SALES ENABLE HIGHER OPERATING INCOME.SAYS HIGHER SALES WILL BE OFF-SET AGAINST GREATER INVESTMENT IN DEVELOPMENT PROJECTS AND COSTS FOR EXPANSION IN NORTH AMERICA AND CHINA.SAYS OPERATING MARGIN FOR 2018 IS EXPECTED TO BE SLIGHTLY LOWER OR IN LINE WITH OPERATING MARGIN EXCLUDING ONE-OFF ITEMS IN 2017.  Full Article

Haldex Q3 core profit drops as takeover costs linger
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Haldex AB :Q3 ‍net sales, SEK 1,081​ mln (1,076).Haldex AB Q3 ‍operating income, excluding one-off items, SEK 68 mln (80)​.Says ‍after currency adjustments, net sales increased by 3%​.Says ‍assessment of 2017 is that it will be a year during which production volumes could exceed last year's levels​.Says ‍but with unexpected and rapid change in demand we are still in a situation where we cannot fully benefit from situation​.Says ‍our earnings forecast for 2017 has not changed​.Says ‍our ambition is to continue to ensure good profitability, but due to higher costs from takeover process, operating margin for 2017 is forecast to be slightly lower than in 2016.​.Says ‍convinced that, as we approach 2018, Haldex will be able to benefit from improved market conditions and current strategic partnerships will result in an even stronger position in market​.Says ‍upswing in demand during Q3, while positive, also resulted in higher costs​.Says ‍for example, we added more shifts in some factories and deliveries had to be rescheduled at a higher cost​.Says ‍quarter continued to be burdened by takeover process, which has diverted focus and resources​.  Full Article

Haldex appoints Ake Bengtsson as CEO
Wednesday, 27 Sep 2017 

Sept 27 (Reuters) - Haldex Ab :The Board of Directors has as of today appointed Åke Bengtsson to the role of permanent President and CEO.Åke Bengtsson has been acting President and CEO for Haldex since Bo Annvik left his position in March 2017.  Full Article

Knorr Bremse ‍withdraws offer for Haldex
Tuesday, 19 Sep 2017 

Sept 19 (Reuters) - KNORR BREMSE AG [RIC:RIC:STELLG.UL]::‍WITHDRAWS ITS OFFER FOR HALDEX AND TERMINATES MERGER CLEARANCE PROCESS​.SHARES THAT HAVE BEEN TENDERED IN OFFER WILL HENCE NOT BE ACQUIRED BY KNORR-BREMSE.  Full Article

Knorr-Bremse to assess whether Haldex takeover process can continue
Thursday, 7 Sep 2017 

Sept 7 (Reuters) - Knorr-Bremse :Says to assess whether possible to continue merger clearance process for Haldex AB <<>> takeover.  Full Article

Knorr Bremse welcomes Swedish regulator decision not to process Haldex submission
Monday, 14 Aug 2017 

Aug 14 (Reuters) - Knorr Bremse AG [RIC:RIC:STELLG.UL]:Says welcomes decision by Swedish Securities Council not to process Haldex submission.Says will inform Swedish Securities Council immediately after Aug. 17 AGM whether decision is to be taken on the application for extension of acceptance period.  Full Article

Knorr-Bremse says Haldex statement on bid extension decision misleading
Friday, 4 Aug 2017 

STOCKHOLM, Aug 4 (Reuters) - Knorr-Bremse AG ::Says: "In a press release issued on August 4, 2017 Haldex has given the impression to the market that the decision by the Swedish Securities Council (SSC) will be made before the Extraordinary General Meeting(EGM) which takes place on August 17, 2017".Knorr-Bremse says perceives this Haldex communication to be misleading.Says understands that the SSC will not necessarily decide on the substance matter prior to the EGM.Says firstly, the SSC must assess whether Haldex's application is admissible, secondly the SSC will have to determine whether it is appropriate to decide on the substance matter before the EGM has been held.Says will oppose that the Haldex Board is entitled to submit the application to the SSC without approval by the shareholders as it is pre-empting their decision.Says will equally oppose that the matter is resolved in substance by the SSC before the shareholders have had the possibility to decide if Haldex shall support Knorr-Bremse's request to extend the acceptance period in the offer.Link to Haldex statement earlier on Friday: nFWN1KQ0BN.  Full Article

Haldex Q2 core profit dips, sees lower margin in 2017
Tuesday, 18 Jul 2017 

July 18 (Reuters) - Haldex AB :Q2 net sales, SEK 1,184 mln vs yr-ago 1,147 mln.Q2 operating income excluding one-off items totaled SEK 78 vs yr-ago 87 mln.Says during Q2, market continued to be positive and haldex experienced strong growth in europe.Says however, growth in north america was slightly weaker, and as a whole haldex' growth is somewhat weaker than in marke.Says quarter continued to be burdened by bidding process, which draws focus and resources away from core operations..Says market in north america has improved, but haldex has not been able to fully benefit from this upswing, primarily due to uncertainty surrounding haldex' situation.Says uncertainty created by bidding situation is affecting our ability to sign long-term contracts.Says in short-term, customers are not terminating signed contracts, but we are hurt during negotiations of future contracts, i.e. contracts that will create growth for haldex in coming years.Says we still have an opportunity to win a number of contracts where our creative solutions have kept us at negotiating table, but with each month that passes chances are shrinking and soon window will be closed for a number of years in future.Says an extension of bidding process by only a few months therefore risks impairing haldex' ability to grow over next few years.Says operating margin for 2017 is forecast to be slightly lower than in 2016.  Full Article

Haldex says U.S. feedback confirms view Knorr-Bremse offer will fail
Friday, 7 Jul 2017 

July 7 (Reuters) - Haldex Ab :Says feedback from U.S. antitrust authority reinforces conclusion of a very low probability for Knorr-Bremse offer.Says following today's feedback, we are reinforced in our opinion that knorr-bremse will not be able to carry out offer.  Full Article

BRIEF-Haldex Q1 operating profit up sharply yr/yr

* SAYS WE BELIEVE THAT NET SALES FOR 2018 WILL INCREASE COMPARED TO 2017